Private EquityCompensation 2018 Report Summary
from: https://privateequitycompensation.com/
Private equity, venture capital and hybrid firms face new challenges even as they strive to overcome existing headwinds. These new challenges include carried interest, data management, environment and social governance (ESG) and pre-existing issues such as transparency, fund structure, fund raising and market conditions, just to name a few.
However important these issues may be for the future of the private equity and venture capital industry, the goal of this report is to quantify, to the extent possible, how industry trends affect compensation in the industry.
This is the fourth straight year of gains in the private equity compensation and only 6 percent of this year’s respondents have reported an expectation of lower earnings this year.
We have observed a number of potential trends in this year’s private equity compensation report, one of which is increasing base salaries and declining bonuses as a percentage of overall compensation for private equity and venture capital professionals in the highest pay band.
The correlation between private equity bonus pay and firm performance continues to diminish. Through 2013, our report had routinely confirmed the principle that exceptional performance was rewarded with a grand bonus. In 2015, we saw this principle tested; in 2016, we saw it proved erroneous, and in 2017, it became apparent that the absence of correlation is the new normal. In this 2018 report, we see that respondents employed in firms whose performance is down by 1 to 9 percent still forecast an average bonus of $161,000.
In last year’s private equity compensation report, we identified movement in a positive direction with respect to the quality of training our respondents receive in-house. Unfortunately, we have seen that revert back in this year’s report.
Our annual review of MBA base and bonus compensation, as well as vacation time, shows a return to more favorable treatment in both base and, to a lesser extent, bonus pay for respondents with an advanced degree.
For private equity job seekers, this report reveals which positions are in demand, what percentage of firms are hiring, and what percentage are cutting back. For example, 25 percent of respondents’ firms are hiring accounting personnel, but just 11 percent are hiring investor relations staff.
In short, the 2018 Private Equity Compensation Report confirms a few commonly held truths and eliminates the occasional misconception. Its graphs, charts, and the corresponding analysis serve to provide readers insightful, industry-specific information regarding the complex subject of venture capital compensation as well.
Other highlights from this year's report include:
• Small-sized firms saw the largest increases in base pay;
• Fund raising has become the number one job security concern among survey respondents;
• PE Small-Cap continues to be the most favored investment strategy;
• Private equity and venture capital professionals working in the largest firms continue to out-earn peers in smaller firms; and
• The share of personal carry, as a percentage, increases in direct proportion to the individual’s level of investment decision input and work experience.
Download the full report at https://privateequitycompensation.com/

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the startups and early-stage companies looking for guidance and investment?
A conversation with Elevate Ventures Entrepreneurs-in-Residence (EIR) Kyle Keeney (1804), Gavin Ferlic (StartupSouth Bend - Elkhart), Jacob Schpok (Purdue area), and Eric Steele (Elevate Southwest Indiana) discussed over a Facebook Live event:
• How Elevate Ventures can assist early stage companies
• How to best engage with Elevate Ventures
• How to streamline the engagement process and maximize your results from an Elevate Ventures relationship

published:25 Oct 2018

views:17

Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to decide what counts as “nature.” We put on the biggest boots we could find and headed out to the strange salt flats of the San Francisco bay to check it out.
NOTE: All footage of U.S. and CaliforniaFish and Wildlife Service land was obtained via special agreement with those agencies. Filming on said land requires a Special Use Permit. Additionally, launching, landing, or operating an unmanned aircraft (drone) from or on lands and waters administered by the California and U.S. Fish and Wildlife Services is prohibited unless special permits are obtained.
Subscribe: http://bit.ly/2FqJZMl
Like VergeScience on Facebook: http://bit.ly/2hoSukO
Follow on Twitter: http://bit.ly/2Kr29B9
Follow on Instagram: https://goo.gl/7ZeLvX
Read More: http://www.theverge.com
Community guidelines: http://bit.ly/2D0hlAv
Subscribe to Verge on YouTube for explainers, product reviews, technology news, and more: http://goo.gl/G5RXGs

published:07 Aug 2018

views:868929

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arrington XRP Capital. He is a token holder in FileCoin, Brave, CIVIC, Propy, Polymath and an investor in Lyft. As chief Evangelist for the JavaLanguage and Platform he participated in the first wave of the Internet, and is now fully engaged in Internet of value. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in venture capital for Open Source startups and over $250M in ICO capital. He currently advises cryptocurrency startups like NagaGroup ($50M ICO Stock Trading), Playkey ($10.5M Streaming Gaming), Bee Token ($15M, Decentralized AirBnB), Celsius ($50M Ether Lending), Wala (African Cryptobanking), Lottery.com (Online Lottery), Millenium ESports (ESport Gaming), Refereum ($30M GamerAffiliate Marketing), Pundi X ($35M Payments), WiFiCoin, GuardianCircle (Decentralized Global911Emergency Services), BlockchainTerminal ($30M Bloomberg for Crypto) and Hub (Decentralizing ProfessionalSocial Networking). He is also an LP with FocusVentures, a firm with over $800M under management, 9 IPOs and 44 exits. He holds an Master’s degree in Neuroscience from Yale University where he worked on abstract computational neural networks.
Ben Narasin Venture Partner NEA Ben is a prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Narasin has focused on emerging technologies and new markets throughout his investment career. With a portfolio comprising key early successes in some of today’s fastest growing sectors, such as fintech, digital marketplaces, mobile and connected devices. His overarching focus in seeking new investments is, in his words, “to find founders who make me say wow.” Narasin is a 25-year entrepreneur and 10-year early-stage investor. His knack for spotting emerging trends led him to make seed investments in companies like Dropcam, Lending Club, TellApart, Kabbage and Zenefits. Before NEA, Narasin most recently served as a General Partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm’s seed funding investment activities.
Kendrick Nguyen, Founder/CEORepublic, Republic is a platform enabling curated projects to conduct token offerings and airdrops to US retail investors in compliance with securities laws. Backed by Binance Labs and Passport Capital, Republic also specializes in asset tokenization and is working on developing its own security token.
Pierre Wolff VP Tierion Pierre is a 20+ year veteran of Silicon Valley as a business strategist, startup advisor/mentor, and people-connector in the tech industry. At Tierion, a company that has developed a "proof engine" leveraging a decentralized network of nodes for time-stamping and anchoring digital content on the Bitcoin Blockchain, Pierre runs business development after having been an advisor there for two years. Pierre is also a Managing Director at ExecConnect, a consultancy where he focuses on helping financial and technology companies better understand the blockchain and cryptocurrency related ecosystems.
David Blumberg Founder/Managing PartnerBlumberg Capital Blumberg Capital is an early-stage venture capital fund based in San Francisco. David is an authority on early stage investing with more than 25 years of experience. He founded Blumberg Capital in the early 1990s and launched its first venture-backed fund in 2001. Prior to Blumberg Capital,
MODERATOR: Mark Albertson, Silicon Valley journalist whose stories are regularly published for SiliconANGLE Media and Blasting News. He was previously a senior writer for the San Francisco Examiner and CBS-Bay Area. He specializes in coverage of Fintech and cybsersecurity topics, in addition to writing regularly about enterprise computing. He is also an experienced video and TV producer, having created Tech Closeup, a nationally syndicated program on technology that aired on ABC, NBC, CBS and FOX affiliate stations over the course of four years. For further info check out https://www.fintechsv.com

published:23 Aug 2018

views:132

Q&A I had on November 1st, 2016, with the Venture Capital & Angel Investing course at Columbia's MBA program.
--
► Subscribe to My Channel Here http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk
--
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
WineLibrary: http://winelibrary.com
Facebook: http://facebook.com/gary
Snapchat: garyvee
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/@garyvee

published:21 Nov 2016

views:29796

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km).Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.Zunum Aero is working to develop 'hybrid to electric;' craft that 'sip fuel only when they have to.' It’s hoped that this will make electric air travel more affordable, with frequent service across more than 5,000 regional and general aviation airports in the US. The firm claims these resources are currently underutilized. According to Zunum Aero, this means passengers traveling from regional airports in the Boston area to Washington DC, for example, would reach their destination in half the time, and at half the fare. In heavily-trafficked routes, this could decrease travel time by 40 percent. And, in areas with less congestion, it could even drop door-to-door times 80 percent. The firm says hybrid-electric propulsion will also allow for an 80 percent drop in emissions – and eventually, as battery densities improve, emissions could drop to zero.In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft.Several companies, including Uber TechnologiesInc and European planemaker Airbus, are working on electric-powered self-flying cars.Zunum does not expect to be the first to certify an electric-powered aircraft with regulators.Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use.Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs."Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview.A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports.The cost would be about $120 one way, the company said.The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes.About 96 percent of U.S. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said.Electric-vehicle batteries, such as those made by Tesla Inc and Panasonic Corp, would power Zunum's motors, although Zunum has no commitment with either company.A supplemental jet-fuel engine and electrical generator would be used to give the plane a range of 700 miles and ensure it stays aloft after the batteries are exhausted, Knapp saidZunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said.The planes eventua1

Venture capital

Venture capital (VC) is money provided to seed early-stage, emerging and emerging growth companies. Venture capital funds invest in companies in exchange for equity in the companies they invest in, which usually have a novel technology or business model in high technology industries, such as biotechnology and IT. The typical venture capital investment occurs after a seed funding round as the first round of institutional capital to fund growth (also referred to as Series A round) in the interest of generating a return through an eventual exit event, such as an IPO or trade sale of the company. Venture capital is a type of private equity.

In addition to angel investing, equity crowdfunding and other seed funding options, venture capital is attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the companies' ownership (and consequently value).

Capital ẞ

Capital sharp s (ẞ) is the majuscule of eszett. Sharp s is unique among the letters of the Latin alphabet in that it has no traditional upper case form. This is because it never occurs word-initially in German text, and traditional German printing (which used blackletter) never used all-caps. When using all-caps, traditional spelling rules required the replacement of ß with SS. However, in 2010, the use of the capital ẞ became mandatory in official documentation in Germany when writing geographical names in all-caps.

History

There have been repeated attempts to introduce a majuscule ß. Such letterforms can be found in some old German books dating back to the late 19th century and some later signage and product design. One of the best known examples is the East German 1957 Duden.

Inclusion in Universal Character Set

A proposal by Andreas Stötzner to the Unicode Consortium for the inclusion of capital double s in the Universal Character Set was rejected in 2004, on the basis that capital ß is a typographical issue, and therefore not suitable for character encoding. A reworked version of Stötzner's proposal was submitted on 25 April 2007 by DIN. The proposal suggested the Unicode name LATIN CAPITAL LETTER SHARP S. The proposal has been adopted and the character was added as Unicode character "ẞ" U+1E9E LATIN CAPITAL LETTER SHARP S when Unicode 5.1 was released, on 4 April 2008.

Capital (economics)

Capital is a type of good that can be consumed now, but if consumption is deferred, an increased supply of consumable goods is likely to be available later. Adam Smith defines capital as "That part of a man's stock which he expects to afford him revenue is called his capital." Capital is derived from the Latin word "caput" meaning head, as in "head of cattle". The term "stock" is derived from the Old English word for stump or tree trunk, i.e. something that grows over time. It has been used to refer to all the moveable property of a farm since at least 1510. In Middle Ages France contracted leases and loans bearing interest specified payment in heads of cattle.

How a capital good is maintained or returned to its pre-production state varies with the type of capital involved. In most cases capital is replaced after a depreciation period as newer forms of capital make continued use of current capital non profitable. It is also possible that advances make an obsolete form of capital practical again.

The word "valley" refers to the Santa Clara Valley, where the region has traditionally been centered, which includes the city of San Jose and surrounding cities and towns. The word "silicon" originally referred to the large number of siliconchipinnovators and manufacturers in the region. The term "Silicon Valley" eventually came to refer to all high tech businesses in the area, and is now generally used as a synecdoche for the American high-technology economic sector. It also became a global synonym for leading high-tech research and enterprises, and thus inspired similar named locations, as well as research parks and technology centers with a comparable structure all around the world.

Private Equity Compensation [2018 Summary]

Private EquityCompensation 2018 Report Summary
from: https://privateequitycompensation.com/
Private equity, venture capital and hybrid firms face new challenges even as they strive to overcome existing headwinds. These new challenges include carried interest, data management, environment and social governance (ESG) and pre-existing issues such as transparency, fund structure, fund raising and market conditions, just to name a few.
However important these issues may be for the future of the private equity and venture capital industry, the goal of this report is to quantify, to the extent possible, how industry trends affect compensation in the industry.
This is the fourth straight year of gains in the private equity compensation and only 6 percent of this year’s respondents have reported an expectation of lower earnings this year.
We have observed a number of potential trends in this year’s private equity compensation report, one of which is increasing base salaries and declining bonuses as a percentage of overall compensation for private equity and venture capital professionals in the highest pay band.
The correlation between private equity bonus pay and firm performance continues to diminish. Through 2013, our report had routinely confirmed the principle that exceptional performance was rewarded with a grand bonus. In 2015, we saw this principle tested; in 2016, we saw it proved erroneous, and in 2017, it became apparent that the absence of correlation is the new normal. In this 2018 report, we see that respondents employed in firms whose performance is down by 1 to 9 percent still forecast an average bonus of $161,000.
In last year’s private equity compensation report, we identified movement in a positive direction with respect to the quality of training our respondents receive in-house. Unfortunately, we have seen that revert back in this year’s report.
Our annual review of MBA base and bonus compensation, as well as vacation time, shows a return to more favorable treatment in both base and, to a lesser extent, bonus pay for respondents with an advanced degree.
For private equity job seekers, this report reveals which positions are in demand, what percentage of firms are hiring, and what percentage are cutting back. For example, 25 percent of respondents’ firms are hiring accounting personnel, but just 11 percent are hiring investor relations staff.
In short, the 2018 Private Equity Compensation Report confirms a few commonly held truths and eliminates the occasional misconception. Its graphs, charts, and the corresponding analysis serve to provide readers insightful, industry-specific information regarding the complex subject of venture capital compensation as well.
Other highlights from this year's report include:
• Small-sized firms saw the largest increases in base pay;
• Fund raising has become the number one job security concern among survey respondents;
• PE Small-Cap continues to be the most favored investment strategy;
• Private equity and venture capital professionals working in the largest firms continue to out-earn peers in smaller firms; and
• The share of personal carry, as a percentage, increases in direct proportion to the individual’s level of investment decision input and work experience.
Download the full report at https://privateequitycompensation.com/

A Conversation with Elevate Ventures EIRs

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the startups and early-stage companies looking for guidance and investment?
A conversation with Elevate Ventures Entrepreneurs-in-Residence (EIR) Kyle Keeney (1804), Gavin Ferlic (StartupSouth Bend - Elkhart), Jacob Schpok (Purdue area), and Eric Steele (Elevate Southwest Indiana) discussed over a Facebook Live event:
• How Elevate Ventures can assist early stage companies
• How to best engage with Elevate Ventures
• How to streamline the engagement process and maximize your results from an Elevate Ventures relationship

7:55

This monster plant is trying to take over. What if we let it?

This monster plant is trying to take over. What if we let it?

This monster plant is trying to take over. What if we let it?

Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to decide what counts as “nature.” We put on the biggest boots we could find and headed out to the strange salt flats of the San Francisco bay to check it out.
NOTE: All footage of U.S. and CaliforniaFish and Wildlife Service land was obtained via special agreement with those agencies. Filming on said land requires a Special Use Permit. Additionally, launching, landing, or operating an unmanned aircraft (drone) from or on lands and waters administered by the California and U.S. Fish and Wildlife Services is prohibited unless special permits are obtained.
Subscribe: http://bit.ly/2FqJZMl
Like VergeScience on Facebook: http://bit.ly/2hoSukO
Follow on Twitter: http://bit.ly/2Kr29B9
Follow on Instagram: https://goo.gl/7ZeLvX
Read More: http://www.theverge.com
Community guidelines: http://bit.ly/2D0hlAv
Subscribe to Verge on YouTube for explainers, product reviews, technology news, and more: http://goo.gl/G5RXGs

56:52

Security Tokens Disrupting Venture Capital #tokensvsVC

Security Tokens Disrupting Venture Capital #tokensvsVC

Security Tokens Disrupting Venture Capital #tokensvsVC

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arrington XRP Capital. He is a token holder in FileCoin, Brave, CIVIC, Propy, Polymath and an investor in Lyft. As chief Evangelist for the JavaLanguage and Platform he participated in the first wave of the Internet, and is now fully engaged in Internet of value. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in venture capital for Open Source startups and over $250M in ICO capital. He currently advises cryptocurrency startups like NagaGroup ($50M ICO Stock Trading), Playkey ($10.5M Streaming Gaming), Bee Token ($15M, Decentralized AirBnB), Celsius ($50M Ether Lending), Wala (African Cryptobanking), Lottery.com (Online Lottery), Millenium ESports (ESport Gaming), Refereum ($30M GamerAffiliate Marketing), Pundi X ($35M Payments), WiFiCoin, GuardianCircle (Decentralized Global911Emergency Services), BlockchainTerminal ($30M Bloomberg for Crypto) and Hub (Decentralizing ProfessionalSocial Networking). He is also an LP with FocusVentures, a firm with over $800M under management, 9 IPOs and 44 exits. He holds an Master’s degree in Neuroscience from Yale University where he worked on abstract computational neural networks.
Ben Narasin Venture Partner NEA Ben is a prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Narasin has focused on emerging technologies and new markets throughout his investment career. With a portfolio comprising key early successes in some of today’s fastest growing sectors, such as fintech, digital marketplaces, mobile and connected devices. His overarching focus in seeking new investments is, in his words, “to find founders who make me say wow.” Narasin is a 25-year entrepreneur and 10-year early-stage investor. His knack for spotting emerging trends led him to make seed investments in companies like Dropcam, Lending Club, TellApart, Kabbage and Zenefits. Before NEA, Narasin most recently served as a General Partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm’s seed funding investment activities.
Kendrick Nguyen, Founder/CEORepublic, Republic is a platform enabling curated projects to conduct token offerings and airdrops to US retail investors in compliance with securities laws. Backed by Binance Labs and Passport Capital, Republic also specializes in asset tokenization and is working on developing its own security token.
Pierre Wolff VP Tierion Pierre is a 20+ year veteran of Silicon Valley as a business strategist, startup advisor/mentor, and people-connector in the tech industry. At Tierion, a company that has developed a "proof engine" leveraging a decentralized network of nodes for time-stamping and anchoring digital content on the Bitcoin Blockchain, Pierre runs business development after having been an advisor there for two years. Pierre is also a Managing Director at ExecConnect, a consultancy where he focuses on helping financial and technology companies better understand the blockchain and cryptocurrency related ecosystems.
David Blumberg Founder/Managing PartnerBlumberg Capital Blumberg Capital is an early-stage venture capital fund based in San Francisco. David is an authority on early stage investing with more than 25 years of experience. He founded Blumberg Capital in the early 1990s and launched its first venture-backed fund in 2001. Prior to Blumberg Capital,
MODERATOR: Mark Albertson, Silicon Valley journalist whose stories are regularly published for SiliconANGLE Media and Blasting News. He was previously a senior writer for the San Francisco Examiner and CBS-Bay Area. He specializes in coverage of Fintech and cybsersecurity topics, in addition to writing regularly about enterprise computing. He is also an experienced video and TV producer, having created Tech Closeup, a nationally syndicated program on technology that aired on ABC, NBC, CBS and FOX affiliate stations over the course of four years. For further info check out https://www.fintechsv.com

Q&A I had on November 1st, 2016, with the Venture Capital & Angel Investing course at Columbia's MBA program.
--
► Subscribe to My Channel Here http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk
--
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
WineLibrary: http://winelibrary.com
Facebook: http://facebook.com/gary
Snapchat: garyvee
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/@garyvee

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km).Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.Zunum Aero is working to develop 'hybrid to electric;' craft that 'sip fuel only when they have to.' It’s hoped that this will make electric air travel more affordable, with frequent service across more than 5,000 regional and general aviation airports in the US. The firm claims these resources are currently underutilized. According to Zunum Aero, this means passengers traveling from regional airports in the Boston area to Washington DC, for example, would reach their destination in half the time, and at half the fare. In heavily-trafficked routes, this could decrease travel time by 40 percent. And, in areas with less congestion, it could even drop door-to-door times 80 percent. The firm says hybrid-electric propulsion will also allow for an 80 percent drop in emissions – and eventually, as battery densities improve, emissions could drop to zero.In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft.Several companies, including Uber TechnologiesInc and European planemaker Airbus, are working on electric-powered self-flying cars.Zunum does not expect to be the first to certify an electric-powered aircraft with regulators.Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use.Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs."Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview.A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports.The cost would be about $120 one way, the company said.The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes.About 96 percent of U.S. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said.Electric-vehicle batteries, such as those made by Tesla Inc and Panasonic Corp, would power Zunum's motors, although Zunum has no commitment with either company.A supplemental jet-fuel engine and electrical generator would be used to give the plane a range of 700 miles and ensure it stays aloft after the batteries are exhausted, Knapp saidZunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said.The planes eventua1

Private Equity Compensation [2018 Summary]

Private EquityCompensation 2018 Report Summary
from: https://privateequitycompensation.com/
Private equity, venture capital and hybrid firms face new challenges even as they strive to overcome existing headwinds. These new challenges include carried interest, data management, environment and social governance (ESG) and pre-existing issues such as transparency, fund structure, fund raising and market conditions, just to name a few.
However important these issues may be for the future of the private equity and venture capital industry, the goal of this report is to quantify, to the extent possible, how industry trends affect compensation in the industry.
This is the fourth straight year of gains in the private equity compensation and only 6 percent of this year’s respondents have reporte...

A Conversation with Elevate Ventures EIRs

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the startups and early-stage companies looking for guidance and investment?
A conversation with Elevate Ventures Entrepreneurs-in-Residence (EIR) Kyle Keeney (1804), Gavin Ferlic (StartupSouth Bend - Elkhart), Jacob Schpok (Purdue area), and Eric Steele (Elevate Southwest Indiana) discussed over a Facebook Live event:
• How Elevate Ventures can assist early stage companies
• How to best engage with Elevate Ventures
• How to streamline the engagement process and maximize your results from an Elevate Ventures relationship

published: 25 Oct 2018

This monster plant is trying to take over. What if we let it?

Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to decide what counts as “nature.” We put on the biggest boots we could find and headed out to the strange salt flats of the San Francisco bay to check it out.
NOTE: All footage of U.S. and CaliforniaFish and Wildlife Service land was obtained via special agreement with those agencies. Filming on said land requires a Special Use Permit. Additionally, launching, landing, or operating an unmanned aircraft (drone) from or on lands and waters administered by the California and U.S. Fish and Wildlife Services is prohibited unless special permits are obtained.
Subscribe: http://bit.ly/2FqJZMl
Like VergeScience on Facebook: http://bit.ly/2...

published: 07 Aug 2018

Security Tokens Disrupting Venture Capital #tokensvsVC

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arrington XRP Capital. He is a token holder in FileCoin, Brave, CIVIC, Propy, Polymath and an investor in Lyft. As chief Evangelist for the JavaLanguage and Platform he participated in the first wave of the Internet, and is now fully engaged in Internet of value. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in venture capital for Open Source startups and over $250M in ICO capital. He currently advises cryptocurrency startups like NagaGroup ($50M ICO Stock Trading), Playkey ($10.5M Streaming Gaming), Bee Token ($15M, Decentralized AirBnB), Celsius ($50M Ether Lending), Wala (African Cryptobanking), Lottery...

Q&A I had on November 1st, 2016, with the Venture Capital & Angel Investing course at Columbia's MBA program.
--
► Subscribe to My Channel Here http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk
--
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value as possible by taking your questions about social media, entrepreneurship, startups, and fami...

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km).Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.Zunum Aero is working to develop 'hybrid to electric;' craft that 'sip fuel only when they have to.' It’s hoped that this will make electric air travel more ...

Private EquityCompensation 2018 Report Summary
from: https://privateequitycompensation.com/
Private equity, venture capital and hybrid firms face new challenges even as they strive to overcome existing headwinds. These new challenges include carried interest, data management, environment and social governance (ESG) and pre-existing issues such as transparency, fund structure, fund raising and market conditions, just to name a few.
However important these issues may be for the future of the private equity and venture capital industry, the goal of this report is to quantify, to the extent possible, how industry trends affect compensation in the industry.
This is the fourth straight year of gains in the private equity compensation and only 6 percent of this year’s respondents have reported an expectation of lower earnings this year.
We have observed a number of potential trends in this year’s private equity compensation report, one of which is increasing base salaries and declining bonuses as a percentage of overall compensation for private equity and venture capital professionals in the highest pay band.
The correlation between private equity bonus pay and firm performance continues to diminish. Through 2013, our report had routinely confirmed the principle that exceptional performance was rewarded with a grand bonus. In 2015, we saw this principle tested; in 2016, we saw it proved erroneous, and in 2017, it became apparent that the absence of correlation is the new normal. In this 2018 report, we see that respondents employed in firms whose performance is down by 1 to 9 percent still forecast an average bonus of $161,000.
In last year’s private equity compensation report, we identified movement in a positive direction with respect to the quality of training our respondents receive in-house. Unfortunately, we have seen that revert back in this year’s report.
Our annual review of MBA base and bonus compensation, as well as vacation time, shows a return to more favorable treatment in both base and, to a lesser extent, bonus pay for respondents with an advanced degree.
For private equity job seekers, this report reveals which positions are in demand, what percentage of firms are hiring, and what percentage are cutting back. For example, 25 percent of respondents’ firms are hiring accounting personnel, but just 11 percent are hiring investor relations staff.
In short, the 2018 Private Equity Compensation Report confirms a few commonly held truths and eliminates the occasional misconception. Its graphs, charts, and the corresponding analysis serve to provide readers insightful, industry-specific information regarding the complex subject of venture capital compensation as well.
Other highlights from this year's report include:
• Small-sized firms saw the largest increases in base pay;
• Fund raising has become the number one job security concern among survey respondents;
• PE Small-Cap continues to be the most favored investment strategy;
• Private equity and venture capital professionals working in the largest firms continue to out-earn peers in smaller firms; and
• The share of personal carry, as a percentage, increases in direct proportion to the individual’s level of investment decision input and work experience.
Download the full report at https://privateequitycompensation.com/

Private EquityCompensation 2018 Report Summary
from: https://privateequitycompensation.com/
Private equity, venture capital and hybrid firms face new challenges even as they strive to overcome existing headwinds. These new challenges include carried interest, data management, environment and social governance (ESG) and pre-existing issues such as transparency, fund structure, fund raising and market conditions, just to name a few.
However important these issues may be for the future of the private equity and venture capital industry, the goal of this report is to quantify, to the extent possible, how industry trends affect compensation in the industry.
This is the fourth straight year of gains in the private equity compensation and only 6 percent of this year’s respondents have reported an expectation of lower earnings this year.
We have observed a number of potential trends in this year’s private equity compensation report, one of which is increasing base salaries and declining bonuses as a percentage of overall compensation for private equity and venture capital professionals in the highest pay band.
The correlation between private equity bonus pay and firm performance continues to diminish. Through 2013, our report had routinely confirmed the principle that exceptional performance was rewarded with a grand bonus. In 2015, we saw this principle tested; in 2016, we saw it proved erroneous, and in 2017, it became apparent that the absence of correlation is the new normal. In this 2018 report, we see that respondents employed in firms whose performance is down by 1 to 9 percent still forecast an average bonus of $161,000.
In last year’s private equity compensation report, we identified movement in a positive direction with respect to the quality of training our respondents receive in-house. Unfortunately, we have seen that revert back in this year’s report.
Our annual review of MBA base and bonus compensation, as well as vacation time, shows a return to more favorable treatment in both base and, to a lesser extent, bonus pay for respondents with an advanced degree.
For private equity job seekers, this report reveals which positions are in demand, what percentage of firms are hiring, and what percentage are cutting back. For example, 25 percent of respondents’ firms are hiring accounting personnel, but just 11 percent are hiring investor relations staff.
In short, the 2018 Private Equity Compensation Report confirms a few commonly held truths and eliminates the occasional misconception. Its graphs, charts, and the corresponding analysis serve to provide readers insightful, industry-specific information regarding the complex subject of venture capital compensation as well.
Other highlights from this year's report include:
• Small-sized firms saw the largest increases in base pay;
• Fund raising has become the number one job security concern among survey respondents;
• PE Small-Cap continues to be the most favored investment strategy;
• Private equity and venture capital professionals working in the largest firms continue to out-earn peers in smaller firms; and
• The share of personal carry, as a percentage, increases in direct proportion to the individual’s level of investment decision input and work experience.
Download the full report at https://privateequitycompensation.com/

A Conversation with Elevate Ventures EIRs

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the s...

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the startups and early-stage companies looking for guidance and investment?
A conversation with Elevate Ventures Entrepreneurs-in-Residence (EIR) Kyle Keeney (1804), Gavin Ferlic (StartupSouth Bend - Elkhart), Jacob Schpok (Purdue area), and Eric Steele (Elevate Southwest Indiana) discussed over a Facebook Live event:
• How Elevate Ventures can assist early stage companies
• How to best engage with Elevate Ventures
• How to streamline the engagement process and maximize your results from an Elevate Ventures relationship

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the startups and early-stage companies looking for guidance and investment?
A conversation with Elevate Ventures Entrepreneurs-in-Residence (EIR) Kyle Keeney (1804), Gavin Ferlic (StartupSouth Bend - Elkhart), Jacob Schpok (Purdue area), and Eric Steele (Elevate Southwest Indiana) discussed over a Facebook Live event:
• How Elevate Ventures can assist early stage companies
• How to best engage with Elevate Ventures
• How to streamline the engagement process and maximize your results from an Elevate Ventures relationship

This monster plant is trying to take over. What if we let it?

Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to dec...

Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to decide what counts as “nature.” We put on the biggest boots we could find and headed out to the strange salt flats of the San Francisco bay to check it out.
NOTE: All footage of U.S. and CaliforniaFish and Wildlife Service land was obtained via special agreement with those agencies. Filming on said land requires a Special Use Permit. Additionally, launching, landing, or operating an unmanned aircraft (drone) from or on lands and waters administered by the California and U.S. Fish and Wildlife Services is prohibited unless special permits are obtained.
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Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to decide what counts as “nature.” We put on the biggest boots we could find and headed out to the strange salt flats of the San Francisco bay to check it out.
NOTE: All footage of U.S. and CaliforniaFish and Wildlife Service land was obtained via special agreement with those agencies. Filming on said land requires a Special Use Permit. Additionally, launching, landing, or operating an unmanned aircraft (drone) from or on lands and waters administered by the California and U.S. Fish and Wildlife Services is prohibited unless special permits are obtained.
Subscribe: http://bit.ly/2FqJZMl
Like VergeScience on Facebook: http://bit.ly/2hoSukO
Follow on Twitter: http://bit.ly/2Kr29B9
Follow on Instagram: https://goo.gl/7ZeLvX
Read More: http://www.theverge.com
Community guidelines: http://bit.ly/2D0hlAv
Subscribe to Verge on YouTube for explainers, product reviews, technology news, and more: http://goo.gl/G5RXGs

Security Tokens Disrupting Venture Capital #tokensvsVC

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arringt...

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arrington XRP Capital. He is a token holder in FileCoin, Brave, CIVIC, Propy, Polymath and an investor in Lyft. As chief Evangelist for the JavaLanguage and Platform he participated in the first wave of the Internet, and is now fully engaged in Internet of value. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in venture capital for Open Source startups and over $250M in ICO capital. He currently advises cryptocurrency startups like NagaGroup ($50M ICO Stock Trading), Playkey ($10.5M Streaming Gaming), Bee Token ($15M, Decentralized AirBnB), Celsius ($50M Ether Lending), Wala (African Cryptobanking), Lottery.com (Online Lottery), Millenium ESports (ESport Gaming), Refereum ($30M GamerAffiliate Marketing), Pundi X ($35M Payments), WiFiCoin, GuardianCircle (Decentralized Global911Emergency Services), BlockchainTerminal ($30M Bloomberg for Crypto) and Hub (Decentralizing ProfessionalSocial Networking). He is also an LP with FocusVentures, a firm with over $800M under management, 9 IPOs and 44 exits. He holds an Master’s degree in Neuroscience from Yale University where he worked on abstract computational neural networks.
Ben Narasin Venture Partner NEA Ben is a prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Narasin has focused on emerging technologies and new markets throughout his investment career. With a portfolio comprising key early successes in some of today’s fastest growing sectors, such as fintech, digital marketplaces, mobile and connected devices. His overarching focus in seeking new investments is, in his words, “to find founders who make me say wow.” Narasin is a 25-year entrepreneur and 10-year early-stage investor. His knack for spotting emerging trends led him to make seed investments in companies like Dropcam, Lending Club, TellApart, Kabbage and Zenefits. Before NEA, Narasin most recently served as a General Partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm’s seed funding investment activities.
Kendrick Nguyen, Founder/CEORepublic, Republic is a platform enabling curated projects to conduct token offerings and airdrops to US retail investors in compliance with securities laws. Backed by Binance Labs and Passport Capital, Republic also specializes in asset tokenization and is working on developing its own security token.
Pierre Wolff VP Tierion Pierre is a 20+ year veteran of Silicon Valley as a business strategist, startup advisor/mentor, and people-connector in the tech industry. At Tierion, a company that has developed a "proof engine" leveraging a decentralized network of nodes for time-stamping and anchoring digital content on the Bitcoin Blockchain, Pierre runs business development after having been an advisor there for two years. Pierre is also a Managing Director at ExecConnect, a consultancy where he focuses on helping financial and technology companies better understand the blockchain and cryptocurrency related ecosystems.
David Blumberg Founder/Managing PartnerBlumberg Capital Blumberg Capital is an early-stage venture capital fund based in San Francisco. David is an authority on early stage investing with more than 25 years of experience. He founded Blumberg Capital in the early 1990s and launched its first venture-backed fund in 2001. Prior to Blumberg Capital,
MODERATOR: Mark Albertson, Silicon Valley journalist whose stories are regularly published for SiliconANGLE Media and Blasting News. He was previously a senior writer for the San Francisco Examiner and CBS-Bay Area. He specializes in coverage of Fintech and cybsersecurity topics, in addition to writing regularly about enterprise computing. He is also an experienced video and TV producer, having created Tech Closeup, a nationally syndicated program on technology that aired on ABC, NBC, CBS and FOX affiliate stations over the course of four years. For further info check out https://www.fintechsv.com

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arrington XRP Capital. He is a token holder in FileCoin, Brave, CIVIC, Propy, Polymath and an investor in Lyft. As chief Evangelist for the JavaLanguage and Platform he participated in the first wave of the Internet, and is now fully engaged in Internet of value. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in venture capital for Open Source startups and over $250M in ICO capital. He currently advises cryptocurrency startups like NagaGroup ($50M ICO Stock Trading), Playkey ($10.5M Streaming Gaming), Bee Token ($15M, Decentralized AirBnB), Celsius ($50M Ether Lending), Wala (African Cryptobanking), Lottery.com (Online Lottery), Millenium ESports (ESport Gaming), Refereum ($30M GamerAffiliate Marketing), Pundi X ($35M Payments), WiFiCoin, GuardianCircle (Decentralized Global911Emergency Services), BlockchainTerminal ($30M Bloomberg for Crypto) and Hub (Decentralizing ProfessionalSocial Networking). He is also an LP with FocusVentures, a firm with over $800M under management, 9 IPOs and 44 exits. He holds an Master’s degree in Neuroscience from Yale University where he worked on abstract computational neural networks.
Ben Narasin Venture Partner NEA Ben is a prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Narasin has focused on emerging technologies and new markets throughout his investment career. With a portfolio comprising key early successes in some of today’s fastest growing sectors, such as fintech, digital marketplaces, mobile and connected devices. His overarching focus in seeking new investments is, in his words, “to find founders who make me say wow.” Narasin is a 25-year entrepreneur and 10-year early-stage investor. His knack for spotting emerging trends led him to make seed investments in companies like Dropcam, Lending Club, TellApart, Kabbage and Zenefits. Before NEA, Narasin most recently served as a General Partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm’s seed funding investment activities.
Kendrick Nguyen, Founder/CEORepublic, Republic is a platform enabling curated projects to conduct token offerings and airdrops to US retail investors in compliance with securities laws. Backed by Binance Labs and Passport Capital, Republic also specializes in asset tokenization and is working on developing its own security token.
Pierre Wolff VP Tierion Pierre is a 20+ year veteran of Silicon Valley as a business strategist, startup advisor/mentor, and people-connector in the tech industry. At Tierion, a company that has developed a "proof engine" leveraging a decentralized network of nodes for time-stamping and anchoring digital content on the Bitcoin Blockchain, Pierre runs business development after having been an advisor there for two years. Pierre is also a Managing Director at ExecConnect, a consultancy where he focuses on helping financial and technology companies better understand the blockchain and cryptocurrency related ecosystems.
David Blumberg Founder/Managing PartnerBlumberg Capital Blumberg Capital is an early-stage venture capital fund based in San Francisco. David is an authority on early stage investing with more than 25 years of experience. He founded Blumberg Capital in the early 1990s and launched its first venture-backed fund in 2001. Prior to Blumberg Capital,
MODERATOR: Mark Albertson, Silicon Valley journalist whose stories are regularly published for SiliconANGLE Media and Blasting News. He was previously a senior writer for the San Francisco Examiner and CBS-Bay Area. He specializes in coverage of Fintech and cybsersecurity topics, in addition to writing regularly about enterprise computing. He is also an experienced video and TV producer, having created Tech Closeup, a nationally syndicated program on technology that aired on ABC, NBC, CBS and FOX affiliate stations over the course of four years. For further info check out https://www.fintechsv.com

Q&A I had on November 1st, 2016, with the Venture Capital & Angel Investing course at Columbia's MBA program.
--
► Subscribe to My Channel Here http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk
--
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
WineLibrary: http://winelibrary.com
Facebook: http://facebook.com/gary
Snapchat: garyvee
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/@garyvee

Q&A I had on November 1st, 2016, with the Venture Capital & Angel Investing course at Columbia's MBA program.
--
► Subscribe to My Channel Here http://www.youtube.com/subscription_center?add_user=GaryVaynerchuk
--
Gary Vaynerchuk builds businesses. Fresh out of college he took his family wine business and grew it from a $3M to a $60M business in just five years. Now he runs VaynerMedia, one of the world's hottest digital agencies. Along the way he became a prolific angel investor and venture capitalist, investing in companies like Facebook, Twitter, Tumblr, Uber, and Birchbox before eventually co-founding VaynerRSE, a $25M angel fund.
The #AskGaryVee Show is Gary's way of providing as much value as possible by taking your questions about social media, entrepreneurship, startups, and family businesses and giving you his answers based on a lifetime of building successful, multi-million dollar companies.
Gary is also a prolific public speaker, delivering keynotes at events like Le Web, and SXSW, which you can watch right here on this channel.
Find Gary here:
Website: http://garyvaynerchuk.com
WineLibrary: http://winelibrary.com
Facebook: http://facebook.com/gary
Snapchat: garyvee
Twitter: http://twitter.com/garyvee
Instagram: http://instagram.com/garyvee
Medium: http://medium.com/@garyvee

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric co...

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km).Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.Zunum Aero is working to develop 'hybrid to electric;' craft that 'sip fuel only when they have to.' It’s hoped that this will make electric air travel more affordable, with frequent service across more than 5,000 regional and general aviation airports in the US. The firm claims these resources are currently underutilized. According to Zunum Aero, this means passengers traveling from regional airports in the Boston area to Washington DC, for example, would reach their destination in half the time, and at half the fare. In heavily-trafficked routes, this could decrease travel time by 40 percent. And, in areas with less congestion, it could even drop door-to-door times 80 percent. The firm says hybrid-electric propulsion will also allow for an 80 percent drop in emissions – and eventually, as battery densities improve, emissions could drop to zero.In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft.Several companies, including Uber TechnologiesInc and European planemaker Airbus, are working on electric-powered self-flying cars.Zunum does not expect to be the first to certify an electric-powered aircraft with regulators.Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use.Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs."Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview.A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports.The cost would be about $120 one way, the company said.The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes.About 96 percent of U.S. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said.Electric-vehicle batteries, such as those made by Tesla Inc and Panasonic Corp, would power Zunum's motors, although Zunum has no commitment with either company.A supplemental jet-fuel engine and electrical generator would be used to give the plane a range of 700 miles and ensure it stays aloft after the batteries are exhausted, Knapp saidZunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said.The planes eventua1

A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km).Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.Zunum Aero is working to develop 'hybrid to electric;' craft that 'sip fuel only when they have to.' It’s hoped that this will make electric air travel more affordable, with frequent service across more than 5,000 regional and general aviation airports in the US. The firm claims these resources are currently underutilized. According to Zunum Aero, this means passengers traveling from regional airports in the Boston area to Washington DC, for example, would reach their destination in half the time, and at half the fare. In heavily-trafficked routes, this could decrease travel time by 40 percent. And, in areas with less congestion, it could even drop door-to-door times 80 percent. The firm says hybrid-electric propulsion will also allow for an 80 percent drop in emissions – and eventually, as battery densities improve, emissions could drop to zero.In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft.Several companies, including Uber TechnologiesInc and European planemaker Airbus, are working on electric-powered self-flying cars.Zunum does not expect to be the first to certify an electric-powered aircraft with regulators.Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use.Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs."Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview.A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports.The cost would be about $120 one way, the company said.The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes.About 96 percent of U.S. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said.Electric-vehicle batteries, such as those made by Tesla Inc and Panasonic Corp, would power Zunum's motors, although Zunum has no commitment with either company.A supplemental jet-fuel engine and electrical generator would be used to give the plane a range of 700 miles and ensure it stays aloft after the batteries are exhausted, Knapp saidZunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said.The planes eventua1

Private Equity Compensation [2018 Summary]

Private EquityCompensation 2018 Report Summary
from: https://privateequitycompensation.com/
Private equity, venture capital and hybrid firms face new challenges even as they strive to overcome existing headwinds. These new challenges include carried interest, data management, environment and social governance (ESG) and pre-existing issues such as transparency, fund structure, fund raising and market conditions, just to name a few.
However important these issues may be for the future of the private equity and venture capital industry, the goal of this report is to quantify, to the extent possible, how industry trends affect compensation in the industry.
This is the fourth straight year of gains in the private equity compensation and only 6 percent of this year’s respondents have reported an expectation of lower earnings this year.
We have observed a number of potential trends in this year’s private equity compensation report, one of which is increasing base salaries and declining bonuses as a percentage of overall compensation for private equity and venture capital professionals in the highest pay band.
The correlation between private equity bonus pay and firm performance continues to diminish. Through 2013, our report had routinely confirmed the principle that exceptional performance was rewarded with a grand bonus. In 2015, we saw this principle tested; in 2016, we saw it proved erroneous, and in 2017, it became apparent that the absence of correlation is the new normal. In this 2018 report, we see that respondents employed in firms whose performance is down by 1 to 9 percent still forecast an average bonus of $161,000.
In last year’s private equity compensation report, we identified movement in a positive direction with respect to the quality of training our respondents receive in-house. Unfortunately, we have seen that revert back in this year’s report.
Our annual review of MBA base and bonus compensation, as well as vacation time, shows a return to more favorable treatment in both base and, to a lesser extent, bonus pay for respondents with an advanced degree.
For private equity job seekers, this report reveals which positions are in demand, what percentage of firms are hiring, and what percentage are cutting back. For example, 25 percent of respondents’ firms are hiring accounting personnel, but just 11 percent are hiring investor relations staff.
In short, the 2018 Private Equity Compensation Report confirms a few commonly held truths and eliminates the occasional misconception. Its graphs, charts, and the corresponding analysis serve to provide readers insightful, industry-specific information regarding the complex subject of venture capital compensation as well.
Other highlights from this year's report include:
• Small-sized firms saw the largest increases in base pay;
• Fund raising has become the number one job security concern among survey respondents;
• PE Small-Cap continues to be the most favored investment strategy;
• Private equity and venture capital professionals working in the largest firms continue to out-earn peers in smaller firms; and
• The share of personal carry, as a percentage, increases in direct proportion to the individual’s level of investment decision input and work experience.
Download the full report at https://privateequitycompensation.com/

A Conversation with Elevate Ventures EIRs

ElevateVentures is a self-described “hybrid”: part venture capital fund, and part entrepreneurial development partner. But what exactly does this mean to the startups and early-stage companies looking for guidance and investment?
A conversation with Elevate Ventures Entrepreneurs-in-Residence (EIR) Kyle Keeney (1804), Gavin Ferlic (StartupSouth Bend - Elkhart), Jacob Schpok (Purdue area), and Eric Steele (Elevate Southwest Indiana) discussed over a Facebook Live event:
• How Elevate Ventures can assist early stage companies
• How to best engage with Elevate Ventures
• How to streamline the engagement process and maximize your results from an Elevate Ventures relationship

This monster plant is trying to take over. What if we let it?

Silicon Valley is home to tech giants, venture capital…and a years-long battle between an invasive species, a tiny bird, and a bunch of scientists trying to decide what counts as “nature.” We put on the biggest boots we could find and headed out to the strange salt flats of the San Francisco bay to check it out.
NOTE: All footage of U.S. and CaliforniaFish and Wildlife Service land was obtained via special agreement with those agencies. Filming on said land requires a Special Use Permit. Additionally, launching, landing, or operating an unmanned aircraft (drone) from or on lands and waters administered by the California and U.S. Fish and Wildlife Services is prohibited unless special permits are obtained.
Subscribe: http://bit.ly/2FqJZMl
Like VergeScience on Facebook: http://bit.ly/2hoSukO
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Security Tokens Disrupting Venture Capital #tokensvsVC

Miko Matsumura Founder Evercoin/Partner Gumi Cryptos/Venture Partner BitBull Capital BitBull is a cryptocurrency fund-of-funds. He is also an advisor to Arrington XRP Capital. He is a token holder in FileCoin, Brave, CIVIC, Propy, Polymath and an investor in Lyft. As chief Evangelist for the JavaLanguage and Platform he participated in the first wave of the Internet, and is now fully engaged in Internet of value. As a 25 year operating exec in Silicon Valley, he has raised over $50 million in venture capital for Open Source startups and over $250M in ICO capital. He currently advises cryptocurrency startups like NagaGroup ($50M ICO Stock Trading), Playkey ($10.5M Streaming Gaming), Bee Token ($15M, Decentralized AirBnB), Celsius ($50M Ether Lending), Wala (African Cryptobanking), Lottery.com (Online Lottery), Millenium ESports (ESport Gaming), Refereum ($30M GamerAffiliate Marketing), Pundi X ($35M Payments), WiFiCoin, GuardianCircle (Decentralized Global911Emergency Services), BlockchainTerminal ($30M Bloomberg for Crypto) and Hub (Decentralizing ProfessionalSocial Networking). He is also an LP with FocusVentures, a firm with over $800M under management, 9 IPOs and 44 exits. He holds an Master’s degree in Neuroscience from Yale University where he worked on abstract computational neural networks.
Ben Narasin Venture Partner NEA Ben is a prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Narasin has focused on emerging technologies and new markets throughout his investment career. With a portfolio comprising key early successes in some of today’s fastest growing sectors, such as fintech, digital marketplaces, mobile and connected devices. His overarching focus in seeking new investments is, in his words, “to find founders who make me say wow.” Narasin is a 25-year entrepreneur and 10-year early-stage investor. His knack for spotting emerging trends led him to make seed investments in companies like Dropcam, Lending Club, TellApart, Kabbage and Zenefits. Before NEA, Narasin most recently served as a General Partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm’s seed funding investment activities.
Kendrick Nguyen, Founder/CEORepublic, Republic is a platform enabling curated projects to conduct token offerings and airdrops to US retail investors in compliance with securities laws. Backed by Binance Labs and Passport Capital, Republic also specializes in asset tokenization and is working on developing its own security token.
Pierre Wolff VP Tierion Pierre is a 20+ year veteran of Silicon Valley as a business strategist, startup advisor/mentor, and people-connector in the tech industry. At Tierion, a company that has developed a "proof engine" leveraging a decentralized network of nodes for time-stamping and anchoring digital content on the Bitcoin Blockchain, Pierre runs business development after having been an advisor there for two years. Pierre is also a Managing Director at ExecConnect, a consultancy where he focuses on helping financial and technology companies better understand the blockchain and cryptocurrency related ecosystems.
David Blumberg Founder/Managing PartnerBlumberg Capital Blumberg Capital is an early-stage venture capital fund based in San Francisco. David is an authority on early stage investing with more than 25 years of experience. He founded Blumberg Capital in the early 1990s and launched its first venture-backed fund in 2001. Prior to Blumberg Capital,
MODERATOR: Mark Albertson, Silicon Valley journalist whose stories are regularly published for SiliconANGLE Media and Blasting News. He was previously a senior writer for the San Francisco Examiner and CBS-Bay Area. He specializes in coverage of Fintech and cybsersecurity topics, in addition to writing regularly about enterprise computing. He is also an experienced video and TV producer, having created Tech Closeup, a nationally syndicated program on technology that aired on ABC, NBC, CBS and FOX affiliate stations over the course of four years. For further info check out https://www.fintechsv.com

Q&A I had on November 1st, 2016, with the Venture Capital & Angel Investing course at Columbia's MBA program.
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A Seattle-area startup, backed by the venture capital arms of Boeing Co and JetBlue Airways Corp announced plans on Thursday to bring a small hybrid-electric commuter aircraft to market by 2022.The small airliner is the first of several planes planned by Zunum Aero, which said it would seat up to 12 passengers and be powered by two electric motors, dramatically reducing the travel time and cost of trips under 1,000 miles (1,600 km).Zunum's plans and timetable underscore a rush to develop small electric aircraft based on rapidly evolving battery technology and artificial intelligence systems that avoid obstacles on a road or in the sky.Zunum Aero is working to develop 'hybrid to electric;' craft that 'sip fuel only when they have to.' It’s hoped that this will make electric air travel more affordable, with frequent service across more than 5,000 regional and general aviation airports in the US. The firm claims these resources are currently underutilized. According to Zunum Aero, this means passengers traveling from regional airports in the Boston area to Washington DC, for example, would reach their destination in half the time, and at half the fare. In heavily-trafficked routes, this could decrease travel time by 40 percent. And, in areas with less congestion, it could even drop door-to-door times 80 percent. The firm says hybrid-electric propulsion will also allow for an 80 percent drop in emissions – and eventually, as battery densities improve, emissions could drop to zero.In a separate but related development, Boeing said on Thursday it plans to acquire a company that specializes in electric and autonomous flight to help its own efforts to develop such aircraft.Several companies, including Uber TechnologiesInc and European planemaker Airbus, are working on electric-powered self-flying cars.Zunum does not expect to be the first to certify an electric-powered aircraft with regulators.Rather, it is aiming to fill a market gap for regional travel by airlines, where private jets and commercial jetliners are too costly for many to use.Zunum's planes would fly from thousands of small airports around big cities to cut regional travel times and costs."Airlines are very keen to know how to fly a shorter distance and make money on it," Matt Knapp, co-founder and chief aeronautic engineer of the Kirkland, Washington-based company, said in an interview.A flight from Silicon Valley to Los Angeles, for instance, would leave from Palo Alto, San Carlos, Hayward or Reid Hillview airports and arrive in Santa Monica, Burbank, Hawthorne or San Gabriel Valley airports.The cost would be about $120 one way, the company said.The travel time of over four hours would be cut in half by avoiding the crowds and security lines at big hubs that are required for larger planes.About 96 percent of U.S. air traffic travels through 1 percent of its airports, leaving thousands of small airports virtually untapped, Knapp said.Electric-vehicle batteries, such as those made by Tesla Inc and Panasonic Corp, would power Zunum's motors, although Zunum has no commitment with either company.A supplemental jet-fuel engine and electrical generator would be used to give the plane a range of 700 miles and ensure it stays aloft after the batteries are exhausted, Knapp saidZunum plans to make a larger plane seating up to 50 passengers at the end of the next decade, and the range of both would increase to about 1,000 miles as battery technology improves, Knapp said.The planes eventua1

Venture capital

Venture capital (VC) is money provided to seed early-stage, emerging and emerging growth companies. Venture capital funds invest in companies in exchange for equity in the companies they invest in, which usually have a novel technology or business model in high technology industries, such as biotechnology and IT. The typical venture capital investment occurs after a seed funding round as the first round of institutional capital to fund growth (also referred to as Series A round) in the interest of generating a return through an eventual exit event, such as an IPO or trade sale of the company. Venture capital is a type of private equity.

In addition to angel investing, equity crowdfunding and other seed funding options, venture capital is attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the companies' ownership (and consequently value).